WAM Strategy Note: Buying More Industrials

Building on the move made yesterday in WOTE US Core Equity, I am taking advantage of today’s dip in Industrials.

Yesterday I left room to add to my anti-Tech positioning but did not anticipate getting another opportunity to add so quickly. Today Industrials are down in decisive risk-off action, while Tech continues to moon.

This action is manic and unsustainable in the short-term. The Tech vs. RSP/XLI spread will likely peak in today’s session, IMO.